Problem 11-24 Name Section: Score: 0 Key Code INS Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk will appear to the right of an incorrect entry 1. 2011 July 1 Doc. Dec. 31 2012 June 30 Dec. 31 2093 June 30 2. 20Y1 interest expense b. 2072 interest expense Initial carrying amount of bonds Discount amortized on December 31, 2011 Discount amortized on June 30, 2012 Discount amortized on December 31, 2012 Carrying amount of bonde, December 31, 2012 PR 11-3A Entries for Bonds Payable, including Bond Redemption Obj. 2 The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: 2011 July 1 issued 574,000,000 of 20-year, 114 callable bonds dated July 1 2011, at a market (effective) rate of 13, receiving cash of $63,532.267. Interest is payable semiannually on December 31 and june 30 Dec. 31. Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment 2012 June 30 Paid the semiannual interest on the bonds. The bond discount amortization of 5261,693 is combined with the semiannual interest payment. Dec. 31. Paid the semiannual interest on the bonds. The band discount amortization of $261,693 is combined with the semiannual interest payment 2013 June 30. Recorded the redemption of the bonds, which were cated at 98. The balance in the bond discount account is $9.420.951 after payment of interest and amortization of discount have been recorded (Record the redemption only) Instructions 1 Journalize the entries to record the transactions. Round all amounts to the nearest dollar. 2. Indicate the amount of the interest expense in (a) 2071 and (b) 2012 3. Determine the carrying amount of the bonds as of December 31, 2022 Anwa Check Figure: $64,317,346